China has vowed to deepen cooperation in new energy and green minerals with the nations in the Global South, saying the move is in line with their industrial goals and a step towards further advancing Beijing’s economic opening-up, according to the latest front-page commentary in the Communist Party’s official newspaper.
“Amid profound changes in the global environment, [China’s commitment to further opening up] underscores our confidence and responsibility in upholding openness and win-win cooperation,” the piece in People’s Daily said on Monday.
“It sends a powerful signal that China’s high-quality development will create new opportunities for the world.”
The commentary was the sixth in a new editorial series, coming at the start of China’s 15th five-year planning period and published under the byline “Zhong Caiping”. It resembles one – “Zhong Caiwen” – that is widely believed to represent the Central Financial and Economic Affairs Commission, a key economic decision-making body headed by President Xi Jinping.
The new piece added that the world’s second-largest economy would guide the orderly and rational cross-border layout of industrial and supply chains to support growth, job creation and higher living standards abroad.
It noted that, over the past decade, China has helped slash global solar power costs by more than 80 per cent by leveraging its renewable energy system, the world’s largest. Solar panels and microgrid projects built by Chinese firms in Africa have electrified local communities and “helped countries save significantly on energy imports, freeing funds for development and social welfare”, according to the commentary.
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